3440 Blue Springs Rd Kennesaw, GA 30144

Property Details for 3440 Blue Springs Rd

Year built

2006

Lot size

0.29 lot acres

Property size

5,184 SF

Property type

Office Properties & Spaces

Description

This exceptional investment opportunity presents a four-unit office condo portfolio totaling 5,184 square feet, situated on a 0.29-acre lot in desirable Kennesaw, Georgia. The property, built in 2006, features a Class B building with two stories and is zoned OI. Currently, the occupancy is 50%, with two tenants occupying a portion of the second floor, accessible via stairs. Each unit offers approximately 1,296 square feet and is priced at $187,500, with a total asking price of $750,000. The property boasts a pro-forma cap rate of 8.61% and a pro-forma NOI of $64,570. Constructed of durable four-sided brick, the building is well-maintained and offers adaptable open floor plans suitable for various uses. Its prime location in Kennesaw, conveniently situated between downtown Kennesaw and Acworth, provides easy access to major thoroughfares like I-75 and US-41, as well as numerous dining and shopping options. This presents a compelling opportunity for owner-users or investors seeking a strong return on investment in a thriving market. The property is offered as a fee-simple ownership with a modified lease type and is classified as a net lease investment for owner/user. The APN numbers are 20010403470, 20010403480, 20010403450, and 20010403460. The price per square foot is $144.68.